Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Otto, NC Wooded Lot Title is generated by Realmo AI

    Ideal Acres lot 24, Otto, NC 28763

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Otto, NC

    Lot size:
    0.98 Acres
    Added:
    Jan 6, 2026
    Days on Market:
    134
    Last Refresh:
    May 20 at 7:06 am

    Property Features for Ideal Acres lot 24

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    6488721647
    Lot size
    0.98 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOT 24 IDEAL ACRES
    Tax Annual Amount
    72

    We can help!

    Listing Contact
    Larry Rogers
    Larry Rogers

    Listing agent Larry Rogers License #187828

    Listing office Lamplighter Realty 340 E Main Street, Franklin, NC

    Listing date Jan 6, 2026

    MLS# 1002380 Listing URL

    Copyright © 2026 Highlands Cashiers Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Partially wooded lot in the sought‑after Ideal Acres Subdivision.
    • Decent build site available.
    • Mature trees provide privacy.
    • Peaceful setting ideal for a custom home.
    • Water available and underground utilities in place.
    • Well‑established area.

    Overview

    This 0.98-acre lot is located in the Ideal Acres Subdivision in Otto, North Carolina. The property is partially wooded and features mature trees, providing privacy. A decent build site is present. Water is available, and underground utilities are in place. The lot offers a peaceful setting and is suitable for building a custom home with room to enjoy the outdoors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Otto
    County
    Macon
    State
    North Carolina
    Longitude
    -83.383219
    Latitude
    34.996718

    Nearby Similar for Sale

    • $2,900,000

      Otto, NC Land For Sale

      45+/- acres with highway frontage and mountain views.
      Georgia Road, Otto, NC 28763
      View Details
    • $33,000

      Otto, NC Wooded Lot

      0.74 acre wooded lot in Heritage Mountain Estates.
      Heritage Way lot: 50, Otto, NC 28763
      View Details
    • $2,900,000

      Otto, NC Land For Sale

      45+/- acres with highway frontage and mountain views.
      Georgia Rd, Otto, NC 28763
      View Details
    • $2,900,000

      Otto, NC Land For Sale

      45+/- acres with highway frontage and mountain views.
      Georgia Rd, Otto, NC 28763
      View Details
    • $29,900

      Otto, NC Land For Sale

      2.82-acre lot with cleared house pad near Clayton and Franklin.
      299 Laurel Falls Rd lot: 9, Otto, NC 28763
      View Details
    • $65,000

      Unrestricted Land Near Forest Service

      Unrestricted land near US Forest Service with owner financing.
      211 Hidden Hollow Lane, Otto, NC 28763
      View Details
    • $32,000

      Otto, NC Land For Sale

      4.25 acre lot in Otto Springs, Macon County.
      Otto Springs lot: 15, Otto, NC 28763
      View Details
    • $349,999

      Otto, NC Unrestricted Land

      31 acres of unrestricted land with building potential in Otto.
      Coweeta Lab Rd, Otto, NC 28763
      View Details
    • $135,000

      Unrestricted Land with Creek Frontage

      Large, unrestricted lot with creek frontage and mountain laurel.
      Hickory Gap Rd, Otto, NC 28763
      View Details
    • $29,900

      Otto, NC Wooded Lot

      Partially wooded lot in Ideal Acres Subdivision, Otto, NC.
      Ideal Acres lot: 29, Otto, NC 28763
      View Details
    • $28,900

      Otto, NC Wooded Residential Lot

      Partially wooded 1.02 acre lot in established subdivision.
      Ideal Acres lot: 28, Otto, NC 28763
      View Details
    • $28,500

      Otto, NC Wooded Residential Lot

      Partially wooded, rolling lot in Ideal Acres Subdivision, Otto, NC.
      Ideal Acres lot: 27, Otto, NC 28763
      View Details

    FAQs

    What type of property is this?
    Land - Partially wooded lot in established subdivision, ideal for custom home.
    Where is this land located?
    The property is located at Ideal Acres lot 24 Otto, NC.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Partially wooded lot in the sought‑after Ideal Acres Subdivision.; Decent build site available.; Mature trees provide privacy.
    (828) 371-2150
    We can help!
    Listing Contact
    Larry Rogers
    Larry Rogers
    Real Estate License ID: 187828
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Ideal Acres lot: 24, Otto, NC 28763
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!